Perfume Market Size

Perfume Market size was valued at USD 54.88 billion in 2024 and is likely to cross USD 112.82 billion by 2037, expanding at more than 5.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of perfume is estimated at USD 57.38 billion. The market is flourishing as a result of the augmenting cosmetic sector across the globe. Given the surge in the newest generation of consumers, the skincare sector will undoubtedly see a rapid rise, particularly with the emergence of social media. For instance, in 2022, the global cosmetics business generated over USD 100 billion in sales. Additionally, the beauty and personal care industry is expected to expand by more than 3% between 2024 and 2028 globally, reaching market revenue of USD 736 billion by 2028.

On the other hand, components that are believed to fuel the market growth of perfume include shifts in consumer preferences. The fragrance sector relies heavily on customer satisfaction as market trends and customer tastes change along with society and other factors, including cost, aroma, packaging, reviews, and recommendations from others. These turn out to be significant deciding factors for the market to have a strong position in the future.